£133,194
This estimated value is based upon the latest sale price for the house of £106,000 on 25 May 2018. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £106,000 | 25 May 2018 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORFOLK to estimate the market value.
When this house was purchased in May 2018 the House Price Index for NORFOLK was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £106,000 results in an estimated price of approximately £133,194.
| 25 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £106,000 | £27,194 | £133,194 |
The Postcode Pricing Model uses changes in average sales price within the NR30 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 156.440 % | £165,826 | £271,826 |
| 3 Month Average | 58.641 % | £62,158 | £168,158 |
| 6 Month Average | 35.744 % | £37,888 | £143,888 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Apr 2024 | £151,314 | £150,000 | 58 ST GEORGES ROAD |
| 14 Dec 2023 | £156,297 | £151,494 | 126 NELSON ROAD CENTRAL |
| 6 Nov 2023 | £87,214 | £85,000 | 122 NELSON ROAD CENTRAL |
| 16 Jun 2023 | £140,822 | £138,000 | 28 RODNEY ROAD |
| 9 Jun 2023 | £141,843 | £139,000 | 58 RODNEY ROAD |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 1 Mar 2018. Using an estimated price of £133,195 means this house is valued at £1,293 per sq meter (£120 per sq foot).
The average size of a house on RODNEY ROAD is 84 sq meters (911 sq feet).